Singapore is top destination for corporate relocations

This is due to high volumes of foreign direct investment.

Singapore is the top destination for corporate relocations based on corporate tax and business environment, and foreign direct investment (FDI), amongst other factors, according to Savills’ Dynamic Wealth Indices.

The report noted that high volumes of FDI, economies, and knowledge bases contributed to the city-state’s feat. Seoul, New York, London, and Abu Dhabi rounded out the remaining top four places.

Moreover, personal tax incentives, high concentrations of high net worth individuals, and a good quality of life put Dubai, Abu Dhabi, Singapore, Zurich, and Auckland, respectively, in the top five positions for individual relocation.

The results "illustrate Singapore’s overall business-friendly environment, strong government policies and tax incentives that multinational corporations can gain access to once they establish a presence here. In addition, investment in infrastructure and a relatively large pool of talent further enhances Singapore’s standing,” Ashley Swan, executive director for commercial and industrial at Savills Singapore, said.

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